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Winklevoss: And when we using
road coin, it will use Speed

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points to tell other self
driving taxis to get out of the

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way if you're late for work.
Agents who are profitable will

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use their profits to purchase
new hardware and software to

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spawn children agents. Soon, a
fleet or family of agents will

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grow. And what will form will be
autonomous corporation led by a

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parent agent. Agents and
corporations won't just create

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proliferate uncontrollably.
They'll be subject to laws of

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supply and demand and more
competition, they will reach

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some equilibrium so don't be
worried that this will be some

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sort of bad sci fi movie. Ones
that are bad or unprofitable, be

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shut down, deleted, go into
hibernation or reformatted and

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sold bankruptcy proceedings to
other agents who Bible. Agents

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00:01:01.181 --> 00:01:06.027
can be viewed as public goods
whereby no one profits directly

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00:01:06.106 --> 00:01:10.873
but everyone profits indirectly.
So how exactly will we fund

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these goods? Taxation currently
is not official enough, wouldn't

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work but lightweight assurance
contracts would. People would

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send pledge coins to predefined
escrow accounts that when target

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are reached would release funds
to create the agreed upon agent

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and if those targets weren't
met, the pledge to the coin

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would be quickly returned or
automatically returned back to

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the plan.